South Dakota Investment Council trimmed its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) by 26.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC) . The fund owned 800 shares of the company’s stock after selling 290 shares during the period. South Dakota Investment Council’s holdings in Estée Lauder Companies were worth $218,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of EL. Checchi Capital Advisers LLC boosted its holdings in Estée Lauder Companies by 2.2% during the fourth quarter. Checchi Capital Advisers LLC now owns 2,160 shares of the company’s stock worth $800,000 after purchasing an additional 46 shares during the last quarter. GM Advisory Group Inc. boosted its holdings in Estée Lauder Companies by 2.7% during the fourth quarter. GM Advisory Group Inc. now owns 1,746 shares of the company’s stock worth $646,000 after purchasing an additional 46 shares during the fourth quarter. the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in Estée Lauder Companies by 1.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 2,589 shares of the company’s stock worth $958,000 after purchasing an additional 49 shares during the last quarter. Acropolis Investment Management LLC boosted its holdings in Estée Lauder Companies by 0.7% during the first quarter. Acropolis Investment Management LLC now owns 7,290 shares of the company’s stock worth $1,985,000 after purchasing an additional 49 shares during the last quarter. Finally, We Are One Seven LLC boosted its holdings in Estée Lauder Companies by 4.1% during the fourth quarter. We Are One Seven LLC now owns 1,277 shares of the company’s stock worth $473,000 after purchasing an additional 50 shares during the last quarter. 58.85% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Estée Lauder Companies news, EVP Carl P. Haney sold 548 shares of the business’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $263.88, for a total value of $144,606.24. Following the completion of the transaction, the executive vice president now owns 3,296 shares of the company’s stock, valued at approximately $869,748.48. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Estée Lauder Companies news, EVP Carl P. Haney sold 548 shares of the business’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $263.88, for a total value of $144,606.24. Following the completion of the transaction, the executive vice president now owns 3,296 shares of the company’s stock, valued at approximately $869,748.48. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Carl P. Haney sold 1,965 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $237.92, for a total transaction of $467,512.80. Following the completion of the transaction, the executive vice president now directly owns 4,515 shares of the company’s stock, valued at approximately $1,074,208.80. The disclosure for this sale can be found here. 12.91% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on EL shares. DA Davidson cut their price target on shares of Estée Lauder Companies from $342.00 to $318.00 and set a “buy” rating on the stock in a report on Tuesday. Piper Sandler lifted their price objective on shares of Estée Lauder Companies to $325.00 in a research report on Monday. Wells Fargo & Company lifted their price objective on shares of Estée Lauder Companies from $290.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, August 19th. JPMorgan Chase & Co. lowered their price objective on shares of Estée Lauder Companies from $270.00 to $265.00 in a research report on Thursday, July 21st. Finally, Credit Suisse Group lowered their price objective on shares of Estée Lauder Companies from $310.00 to $308.00 and set an “outperform” rating on the stock in a research report on Friday, August 19th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $318.65.
Estée Lauder Companies Stock Performance
Estée Lauder Companies stock opened at $265.56 on Wednesday. The firm’s 50 day simple moving average is $259.93 and its 200 day simple moving average is $265.38. The company has a current ratio of 1.60, a quick ratio of 1.10 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $94.90 billion, a PE ratio of 40.73, a price-to-earnings-growth ratio of 3.56 and a beta of 0.97. The Estée Lauder Companies Inc. has a 1-year low of $225.39 and a 1-year high of $374.20.
Estée Lauder Companies (NYSE:EL – Get Rating) last posted its earnings results on Thursday, August 18th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.48 billion. Estée Lauder Companies had a net margin of 13.48% and a return on equity of 43.78%. Estée Lauder Companies’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 EPS. As a group, analysts expect that The Estée Lauder Companies Inc. will post 7.52 earnings per share for the current fiscal year.
Estée Lauder Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Tuesday, August 30th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 36.81%.
About Estée Lauder Companies
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The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.
Further Reading
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